Silly you — did you think you were overpaying for broadband access? Well, a study has gone and proven you wrong.
Jonathan Orszag, economics consultant Mark Dutz and other guy Robert Willig conducted the study, which they presented at an Internet Innovation Alliance Academy on Capitol Hill, meant to cheerlead for a $7.2 billion stimulus plan meant to bring high-speed internet all across the country.
The study’s formula, according to an Austin Business Journal story:
Dutz, Orszand and Willig derived the $32 billion figure by researching how much consumers value their broadband access, which totaled $60 billion, and then subtracted how much Internet users paid per year for their access, which amounted to $28 billion.
Got that? Comcast, Time Warner Cable and others are just suckers, practically giving it up for free. And a jury of your peers has deemed the ability to instantly download porn isn’t quite priceless, but darn close.
Study shows broadband access translates to $32B to consumers [Austin Business Journal]